Credit, Collections & Insolvency News
The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.9 billion in January. This is 6% lower than December’s lending total of £20 billion, but 2% higher than the £18.6 billion lent in January last year. This is the highest lending total for a January since 2008 (£25.2 billion). Commenting on market conditions…
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The Financial Conduct Authority (FCA) have today published it’s latest data bulletin for The Consumer Contact Centre. The bulletin includes the latest trends in the retirement income market. The Consumer Contact Centre is the main point of contact for consumers of financial services firms who want to interact with the FCA; it handles more than…
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Teachers Building Society has pointed Simon Beresford as its new Chief Executive Officer. Beresford will replace Finance Director Dean Fensome, who has acted as Interim Chief Executive. Having recently held the position of Managing Director for BlackRock’s retail business, Beresford has also served at Nationwide where he was a branch director, Managing Director of personal…
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New research from Intelligent Environments has found an overwhelming majority of University students are feeling the stress created by their financial situation. Three quarters of students polled that receive a maintenance loan feel stressed about the amount of debt they are accumulating while studying, the effects of which are wide reaching. 39% said their debt has…
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Aldermore has appointed Graeme Elliot to its Invoice Finance team. Elliot joins as a Business Development Manager and reports to Stuart Baty, Head of Business Development – South, Invoice Finance. Elliot has over twenty years’ experience providing finance to SMEs, he joins from RBS where, from 1994, he built a career in senior portfolio management and held business…
Read moreCallcredit Information Group has announced that it has achieved full Financial Conduct Authority (FCA) authorisation. The authorisation process involved the Group companies demonstrating they had in place robust business plans, risk management frameworks, and had adequate systems and processes in place to support fair consumer outcomes. In addition, the companies were required to propose a number…
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